The team played in the American Indoor Soccer Association (AISA).

Founded by former University of Dayton and Central State University coach Jerry Butcher, the Dynamo joined the AISA as one of two expansion franchises (the other being the Jacksonville Generals) playing in the 1987–88 post-season "Challenge Cup" Series.

The team returned to the championship round the following season, losing to the Chicago Power this time.

During the 1991–92 season, the Dynamo, now in the National Professional Soccer League's American Division, finished last.

Declining support from Dayton fans prompted the Dynamo to relocate to Cincinnati, Ohio, at the end of the 1994–95 season.